§ 38.607. Direct access.
89 words·~1 min read·
/us/cfr/t17/s§ 38.607·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A designated contract market that permits direct electronic access by customers (i.e., allowing customers of futures commission merchants to enter orders directly into a designated contract market's trade matching system for execution) must have in place effective systems and controls reasonably designed to facilitate the FCM's management of financial risk, such as automated pre-trade controls that enable member futures commission merchants to implement appropriate financial risk limits. A designated contract market must implement and enforce rules requiring the member futures commission merchants to use the provided systems and controls.
Connections5 cite this
Cited by 5 sections · top 3
Citation graph
cites case law
§ 38.607
Direct access.
Fed. Reg.×5
Cites 0Cited by 5 across 1 source